Wealthy Families Turn to Hong Kong and Singapore as Twin Hubs for Growth in Asia
- Rahaman Hadisur
- 1 hour ago
- 2 min read
Hadisur Rahman, JadeTimes Staff
H. Rahman is a Jadetimes news reporter covering Asia
Wealthy families worldwide are increasingly using Hong Kong and Singapore as twin hubs for expanding their investments in Asia, focusing on real estate and private direct investments for long-term growth, according to Julius Baer’s 2025 Family Barometer report.
The report, based on insights from 2,500 family office experts across Europe, Asia, the Middle East, and Latin America, found that affluent families are shifting from traditional wealth management toward institutional-style platforms that support cross-border and multi-generational goals.
“Families are moving beyond managing wealth. They want structures that sustain growth across generations,” said Christos Anagnostopoulos, head of family office solutions and advisory for Asia at Julius Baer.
Singapore and Hong Kong stand out for their infrastructure, skilled talent, and regional relevance. Singapore’s political stability and clear regulatory environment attract clients from across Asia and the Indian subcontinent, while Hong Kong’s proximity to mainland China and international appeal draw both Chinese and global families.
Hong Kong currently hosts about 2,700 single-family offices, and Singapore has more than 2,000. Both cities have introduced tax incentives and residency schemes to attract wealthy investors. Hong Kong’s Capital Investment Entrant Scheme, launched in 2023, has already helped attract 200 new family offices, with plans to add 220 more in the next three years.
The report noted that many families view Hong Kong and Singapore as complementary rather than competing hubs. Hong Kong offers access to mainland markets, while Singapore provides diversification across Asia.
Real estate and private investments remain dominant in family office portfolios, aligning with younger generations’ focus on legacy, values, and long-term impact. Julius Baer also highlighted a growing concern about longevity, as family offices increasingly plan wealth strategies that span up to five living generations.
